The settlement with the US Justice Department was filed Wednesday with the Central District court of California and is subject to court approval. The DOJ says it's the largest settlement in history over residential fair lending practices.
Foreclosures are in a seasonal slowdown, but evidence suggests a new surge of foreclosures will arrive in 2012.
Occupy Wall Street protesters Tuesday marched on the residences of some of the power brokers who they say are responsible, at least in part, for the nation's economic ills.
Government lawsuit claims 17 banks, including Bank of America, Citigroup, and JP Morgan, misrepresented the value of $196 billion worth of mortgage-backed securities when it sold them to Fannie Mae and Freddie Mac.
Bank of America stock has been snapped up by Warren Buffett. News of his $5 billion investment sent Bank of America stock soaring.
Bank of America: Anonymous leaker releases e-mails purporting to show employees requesting the purging of loan documents. But Bank of America says 'extravagant' claims untrue.
Former Sen. Christopher Dodd is the new chairman and CEO of the film industry's MPAA, taking a position filled for four decades by the flamboyant Jack Valenti.